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Total February spending up 1%, highway segment up 9.5%

April 5, 2019

February’s spending numbers, which followed a January increase of 2.5%, were good news for the construction industry overall, as some economists, according to MarketWatch, had predicted a small decline. This year’s spending so far also represents a bit of a rebound from the relatively weaker spending figures that ended 2018.

The Associated General Contractors of America said February’s results match up to what it has been hearing from its members, which is that they have been busy since the beginning of 2019. Contractors said they expect those conditions to continue through the rest of the year.

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